Dermatologic Society of Greater New York Inc

Analysis

Dermatologic Society of Greater New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Dermatologic Society of Greater New York Inc reported income of $55k and spending of $110k, spending 199% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $55k (-96%), an average of -54% a year. The sharpest change came in the year to August 2022, when income rose by 522%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dermatologic Society of Greater New York Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Indiana Chapter of National Society of Arts and Letters Inc ($55k), PTA Delaware Congress ($55k) and Men Under Construction Association ($55k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. At year end it held assets of $933k against liabilities of $0, net assets of $933k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.